Friday, September 28, 2007

Climateer Predicts

UPDATE below.We don't do a whole lot of public forecasting at Climateer Investing. Partly this is for the reason stated by Warren Buffett in his 1987 Letter to the Shareholders of Berkshire Hathaway:

In a world in which big investment ideas are bothlimited and valuable, we have no interest in tellingpotential competitors what we are doing except to theextent required by law. We certainly don't expectothers to tell us of their investment ideas. Norwould we expect a media company to disclose news ofacquisitions it was privately pursuing or a journalistto tell his competitors about stories on which he isworking or sources he is using.Mostly it is to avoid public shame, humiliation and disgrace.But we're willing to prognosticate from time to time. Here goes:

1) Recent action on the NYMEX leads us to the view that oil prices willsee $60 before they see $100.(This comes with the standard Force Majeure provisions*, of course)

And

2) We predict a sudden and dramatic cooling of the NorthernHemisphere.This cooling is imminent and could see 100 degree Fahrenheittemperature declines in some locales.Mittens and scarves, kids.

*Including the Butterfly flapping it's wings in Borneo thing(should we need an out).